OMB APPROVAL
                                                      --------------------------
                                                      OMB Number 3235-0287
--------                                              Expires: January 31, 2005
 FORM 4    U.S. SECURITIES AND EXCHANGE COMMISSION    Estimated average burden
--------        Washington, D.C. 20549                hours per response.... 0.5
Check box if                                          --------------------------
no longer subject
to Section 16.
Form 4 or Form 5
obligations may continue.
See Instruction 1(b).

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
              Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person*



   Feldberg        Meyer
   ------------------------------------------
   (Last)         (First)         (Middle)


   Columbia University, Uris Hall, 3022 Broadway
   ------------------------------------------
                  (Street)


   New York             NY            10027
   ------------------------------------------
   (City)            (State)           (Zip)



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2. Issuer Name and Ticker or Trading Symbol

     Select Medical Corporation - NYSE (SEM)

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3. IRS Identification Number of Reporting
   Person, if an entity (voluntary)


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4. Statement (Month/Day/Year)

     February 21, 2003
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5. If Amendment, Date of Original (Month/Day/Year)

     /  /
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6. Relationship of Reporting Person(s)
   to Issuer
   (Check all applicable)

      X  Director               10% Owner
         Officer (give title    Other (specify
                     below)             below)

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7. Individual or Joint/Group Filing
   (Check Applicable Line)

      X  Form filed by One Reporting Person
         Form filed by More than One Reporting
         Person

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             Table I - Non-Derivative Securities Acquired, Disposed of, or
                                Beneficially Owned
 -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                  

 1. Title of Security  2. Trans-   2A.      3.Transaction 4. Securities       5. Amount of     6. Ownership        7. Nature of
    (Instr. 3)            action   Deemed     Code           Acquired (A)        Securities       Form: Direct        Indirect
                          Date     Execution  (Instr. 8)     or Disposed of      Beneficially     (D) or Indirect     Beneficial
                          (Month/  Date, if                  (D) (Instr. 3,      Owned Follow-    (I) (Instr. 4)      Ownership
                          Day/     any                       4 and 5)            ing Reported                         (Instr. 4)
                          Year)    (Month/                                       Transaction(s)
                                   Day/                                          (Instr. 3 and 4)
                                   Year)
                                             Code   V        Amount  (A) or Price
                                                                      (D)





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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.

*If the form is filed by more than one reporting person, see
Instruction 4(b)(v).

                                                                          (Over)

      Potential persons who are to respond to the collection of information
          contained in this form are not required to respond unless the
                form displays a current valid OMB control number.

                                  Page 1 of 2




FORM 4 (Continued)



Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
            (e.g., puts, calls,  warrants, options, convertible securities)
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1.Title of   2.Conver-  3.Trans-  3A.     4.Transac- 5.Number   6.Date        7.Title    8.Price  9.Number  10. Owner- 11.Nature
  Derivative   sion or    action  Deemed    tion       of         Exer-         and        of       of          ship      of
  Security     Exercise   Date    Execu-    Code       Deriv-     cisable       Amount     Deriv-   Deriv-      Form      Indir-
  (Instr. 3)   Price of   (Month/ tion      (Instr.    ative      and Ex-       of         ative    ative       of De-    ect
               Deriv-     Day/    Date, if   8)        Secur-     pira-         Under-     Secur-   Secur-      riva-     Bene-
               ative      Year)   any                  ities      tion          lying      ity      ities       tive      ficial
               Security           (Month/              Ac-        Date          Secur-     (Instr.  Bene-       Secu-     Owner-
                                  Day/Year)            quired     (Month/       ities      5)       ficially    rity:     ship
                                                       (A) or     Day/          (Instr.             Owned Foll- Direct    (Instr.
                                                       Disposed   Year)         3 and 4)            owing Re-   (D) or    4)
                                                       of (D)                                       ported      Indirect
                                                       (Instr.                                      Transac-    (I)
                                                       3, 4 and                                     tion(s)     (Instr.
                                                       5)                                           (Instr. 4)    4)

                                             Code V    (A) (D)    Date   Ex-     Title Amount
                                                                  Ex-    pir-          or
                                                                  ercis- ation         Number
                                                                  able   Date          of
                                                                                       Shares
Non-qualified Stock
  Options
(right to buy) $13.35     02/21/03            A        5,000       (1)   2/20/13 Com-  5,000         5,000        (D)
                                                                                 mom
                                                                                 Stock
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  Explanation  of  Responses:

     (1)  The  option grant of 5,000 options  vests over 5 years in
          equal parts of 1/5th of the total per year, beginning on 2/21/04.


**  Intentional misstatements or omissions of facts constitute Federal Criminal
    Violations.
    See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).


Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a current
valid OMB Number.

                             /s/  Meyer Feldberg                  02/24/03
                         ---------------------------------     ---------------
                         ** Signature of Reporting Person         Date


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